Kaiser Permanente

Kaiser Permanente is one of the United States’ largest and most highly respected not-for-profit health plans and integrated managed care consortiums. Headquartered in Oakland, California, Kaiser Permanente operates a highly unique, deeply integrated model that seamlessly combines a health insurance provider (Kaiser Foundation Health Plan) with its own massive network of hospitals (Kaiser Foundation Hospitals) and exclusive, dedicated physician groups (Permanente Medical Groups).

Operating primarily on the West Coast, with a significant presence in Colorado, Georgia, Hawaii, and the Mid-Atlantic, Kaiser Permanente serves over 13.1 million highly loyal members. The sheer scale of the organization is staggering, generating $127.7 billion in operating revenue in 2025 and employing nearly 244,000 personnel, including over 25,000 physicians, across 40 hospitals and hundreds of medical facilities. This perfectly closed-loop system fundamentally aligns financial incentives with preventative care and long-term health outcomes, rather than fee-for-service procedures.

Because Kaiser Permanente possesses both the insurance and the clinical data for its members over decades, its Division of Research boasts one of the most powerful, massive longitudinal clinical databases in the world. This allows Kaiser to conduct unparalleled, highly impactful epidemiological research, population health studies, and massive real-world evidence (RWE) generation for pharmaceutical safety. Continuing to expand its value-based care model, the organization recently created Risant Health, a nonprofit entity designed to acquire and support community-based health systems like Geisinger to scale value-based care.

Kaiser Permanente heavily pioneers telehealth, digital health integration, and proactive chronic disease management. Their fundamental commitment to evidence-based medicine, massive clinical scale, and deeply integrated healthcare delivery makes them a primary model for the future of value-based healthcare globally.